Common use of Release of all Properties Clause in Contracts

Release of all Properties. (a) After the Permitted Release Date, if Borrower has elected to defease the entire Loan and the applicable requirements of Section 2.4 hereof and this Section 2.5 have been satisfied, all of the Properties shall be released from the Liens of their respective Security Instruments and the U.S. Obligations, pledged pursuant to the Security Agreement, shall be the sole source of collateral securing the Note.

Release of all Properties. (a) After the Permitted Release Date, if If Borrower has elected to defease the entire Loan and the applicable (b) requirements of Section 2.4 hereof and this Section 2.5 have been satisfied, all of the Properties shall be released from the Liens of their respective Security Instruments Mortgage and the U.S. Obligations, pledged pursuant to the Security Agreement, shall be the sole source of collateral securing the Note.

Release of all Properties. (a) After the Permitted Release Date, if If Borrower has elected to defease the entire Loan and the applicable requirements of Section 2.4 hereof relating to a defeasance of the entire Loan and this Section 2.5 have been satisfied, all of the Properties shall be released from the Liens of their respective Security Instruments Mortgages and the U.S. Obligations, pledged pursuant to the Security Agreement, shall be the sole source of collateral securing the Note.

Release of all Properties. (a) After the Permitted Release Date, if If Borrower has elected to defease the entire Loan and the applicable requirements of Section 2.4 hereof 2.5 and this Section 2.5 2.6 have been satisfied, all of the Properties shall be released from the Liens Lien of their respective Security Instruments the Mortgage and the U.S. Obligations, pledged pursuant to the Security Agreement, shall be the sole source of collateral securing the Note.